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BEIJING, Oct. 21 (Xinhua) -- Chinese Vice Premier Zhang Dejiang Thursday ordered centrally-administered state-owned enterprises (SOEs) to achieve greater development over the next five years.Zhang also required the SOEs to boost efforts to reform while optimizing industrial structures and reinforcing management.He made the remarks during an inspection tour of the China Electronics Technology Group Co., one of the nation's 122 centrally-administered SOEs.Zhang said the centrally-administered SOEs, as the backbone of China's economy, should focus on increasing their competitive edge while developing hi-tech industries and nurturing their own brands with independent intellectual property rights.During the January-to-September period, the combined net profit of China's centrally-administered SOEs totalled 641.65 billion yuan (96.6 billion U.S. dollars), up 55 percent year on year.
SHANGHAI, Oct. 16 (Xinhua) -- A total of 1.03 million people visited the Shanghai World Exposition on Saturday, a record number since the Expo opened. The total number also exceeded an earlier record.The Expo had received some 64.62 million visitors by the end of Saturday, the 169th day since the event began on May 1. The previous record was set during the 1970 Osaka World Expo in Japan, which about 64 million people attended over a six month period.Attendance may be increasing since this is the first weekend after the week-long National Day holiday and the second to last weekend before the final seven designated days from Oct. 25-31.Since early this morning, the Expo' s public transportation system has been under great pressure as visitors have been seen throughout the Expo site.Visitors needed to queue up for more than one hour before being admitted to most pavilions. Some popular pavilions, including the Oil Pavilion and Space Home Pavilion, stopped visitors from queuing up by 4 or 5 p.m. because of the large crowds.Many visitors could only walk around, take pictures outside of pavilions, or have picnics at rest area. Further, all parades were canceled due to the large number of visitors.Zhou Qian and Dai Shishi from Hangzhou described the long queues as "horrible". But Zhou said she had been prepared for the situation as they visited seven pavilions, including the Egyptian and Spanish pavilions.A visitor surnamed Zhang and her daughter, a high school student in Shanghai, entered the site at 11 a.m. but had only visited three pavilions by 6:30 p.m."And all of them are small ones. It's not a proper time to come, but it's not easy for my daughter to be free," Zhang said.A series of measures have been taken to deal with the situation, according to the Bureau of Shanghai World Expo.When the number exceeded 700,000 visitors, organizers made announcements to visitors through the World Expo official website, TV Station, mobile televisions, and telecommunication operators.Visitors were persuaded to avoid peak times on televisions seen on subways in the morning, and in the afternoons they were advised not to continue entering the site today.

BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.
BEIJING, Oct. 25 (Xinhua) -- China's Ministry of Commerce (MOC) said on Monday it would levy provisional anti-dumping duties of up to 37.5 percent on methanol imported from Indonesia, Malaysia and New Zealand.After a preliminary investigation, the MOC found the three countries had dumped methanol onto the market, causing material damage to Chinese manufacturers.The MOC has imposed provisional anti-dumping duties ranging between 9.3 percent and 37.5 percent effective Oct. 28, according to a news release on its website.The MOC also concluded its investigation into imports from Saudi Arabia, though no evidence of dumping was found.Methanol, also known as methyl alcohol, is used as a basic material to produce chemical products such as plastics, paint, construction materials and windshield cleaning fluid.
ZHIJIANG, Hunan, Sept. 7 (Xinhua)-- Former U.S. President James Carter attended the fourth China Zhijiang International Peace and Culture Festival in central China's Hunan Province Tuesday, commemorating the victory of the war against Japanese aggression and of the world anti-fascist war 65 years ago.The two-day festival was held in Zhijiang Dong Autonomous County where Japanese aggressors surrendered.Zhijiang is the most suitable place to celebrate the hard-earned peace. And the event sent an important message of peace and cultural exchanges, said Carter. Former U.S. President Jimmy Carter addresses the opening ceremony of the 4th China Zhijiang International Peace Culture Festival in Zhijiang County, central China's Hunan Province, Sept. 7, 2010. More than 300 guests from all over the world were invited to the festival, one of the celebration activity for the 65th anniversary of the Japanese surrendering to China and the end of the worldwide Anti-Fascism War. Zhijiang County was the place where Japanese invaders surrendered to China in August, 1945.A statue of U.S. General Claire Lee Chenault, who established the U.S. "Flying Tigers" air squadron that fought in the Second World War, was also unveiled in Zhijiang on Tuesday.The American Volunteer Group, nicknamed the Flying Tigers by the Chinese for their courage, was formed in 1941 under the leadership of U.S. General Chenault to help China drive out invading Japanese troops.
来源:资阳报